Stillwell Mary-Lee 4
4 · VERIZON COMMUNICATIONS INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) SVP Mary‑Lee Stillwell Receives Phantom Stock Award
What Happened Mary‑Lee Stillwell, Senior Vice President and Controller at Verizon (VZ), was granted 2,623.108 units of phantom stock (a derivative award) on February 26, 2026. The award is reported at an implied per‑unit value of $13.95, for a total reported value of $36,592. This was an award/compensation grant (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026‑02‑26; Filing date: 2026‑02‑27 (filed the next business day).
- Award: 2,623.108 phantom stock units at $13.95 per unit; total value reported $36,592.
- Nature of instrument: Phantom stock (derivative), settled in cash under Verizon’s deferred compensation plan (see footnote F1).
- Footnote F2: amount includes phantom stock acquired through dividend reinvestment.
- Shares owned after the transaction are not specified in the provided summary.
Context Phantom stock units are a cash‑settled form of deferred compensation that track the economic value of common shares; they do not represent actual issued common stock unless and until settled in cash per the plan. Such awards are common executive compensation and do not by themselves indicate personal buying or selling conviction.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-02-26$13.95/sh+2,623.108$36,592→ 16,052.787 total(indirect: By Deferred Compensation Plan)→ Common Stock (748 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.